China Records 9.78 Trillion Yuan in New Loans in Q1 of 2025

On April 13, 2025, the People’s Bank of China reported that the nation issued a staggering 9.78 trillion yuan, equivalent to approximately 1.36 trillion U.S. dollars, in new yuan-denominated loans during the first quarter of 2025. This figure highlights China’s commitment to stimulate its economy amidst global economic uncertainties. The data also reveals that outstanding yuan loans stood at 265.41 trillion yuan, reflecting a significant year-on-year growth of 7.4%. Notably, household loans alone surged by 1.04 trillion yuan, while loans extended to enterprises increased substantially by 8.66 trillion yuan, with the bulk of this figure—5.58 trillion yuan—allocated to medium and long-term loans. Additionally, China's money supply, denoted by M2, witnessed a commendable rise of 7 percent year-on-year, reaching 326.06 trillion yuan. This indicates a carefully strategized approach to monetary policy aimed at sustaining growth. In the same vein, total social financing, which measures the financing raised by the real economy, hit 422.96 trillion yuan by the end of March—a notable 8.4% year-on-year increase. The newly added social financing for the first quarter amounted to 15.18 trillion yuan, showing an uptick of 2.37 trillion yuan from last year. The robust growth in loans and financing activities underscores resilience in the face of global economic headwinds and emphasizes China's attempts to bolster its economy for further development.